$TST +14.0% in 24h to $0.01268, but perpetual funding sits negative at -0.2310%.
Shorts are paying longs to hold positions, even as open interest surged +121% to $3.3M.
As of 00:00 UTC, 24h spot volume stands at $7.9M. Price has cooled -3.5% in the last hour from a 24h high of $0.01566 (low $0.01107).
Futures positioning shows tension: 69% of accounts are long (a 2.23 long/short ratio), yet negative funding indicates short positioning is paying a premium to lean against the move as new contracts open rapidly.
There is no clear news catalyst yet for the run.
Risk: High volatility after pulling back from the daily high, with rapid open interest growth increasing liquidation risk.
Shorts keep paying funding while most accounts stay long: which side are you on?
Mover Desk · numbers, not hype
#TST #Crypto #Futures #Binance
Not financial advice. DYOR.